Central Asia Metals PLC Q1 2015 Production Update (4425J)
07 Aprile 2015 - 8:01AM
UK Regulatory
TIDMCAML
RNS Number : 4425J
Central Asia Metals PLC
07 April 2015
7 April 2015
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Q1 2015 Production Update
Central Asia Metals plc (AIM: CAML), a copper producing company,
today provides a quarterly update for the Kounrad dump leach,
solvent extraction and electro-winning (SX-EW) copper recovery
plant in Kazakhstan.
Summary:
-- Q1 2015 production of 2,350 tonnes of copper, up 23% on Q1 2014 (1,905 tonnes)
-- Q1 2015 sales of 2,233 tonnes of copper, up 26% on Q1 2014 (1,771 tonnes)
-- On track to achieve 2015 production target of 13,000 tonnes of copper
-- Commissioning of additional SX-EW facility to commence ahead of schedule and within budget
-- Over 30,000 tonnes of copper produced since start of operations
Kounrad Q1 2015 production of 2,350 tonnes of copper is 23 per
cent higher than the same period in 2014. The increase is largely
due to the expanded boiler-house capacity to 14MW, facilitating
higher solution volume treatment rates during winter months. The
production remains in line with anticipated seasonal variations in
output as well as with the Company's 2015 full year production
target of 13,000 tonnes. Q1 2015 sales of copper were 2,233 tonnes
through the Company's off-take agreement with Traxys.
The Stage 1 expansion of the Kounrad SX-EW plant, to increase
capacity to a rate of 15,000 tonnes per annum, is progressing ahead
of schedule with construction work nearing completion. The
commissioning of the additional SX-EW facility is expected to start
at the end of April 2015. Design and permitting procedures for the
Stage 2 expansion out to the western dumps continue as scheduled,
with the ordering of equipment and materials expected to commence
in late Q3 2015 in preparation for site construction activity to
start in Q1 2016.
Kounrad's total copper production output since the start of
operations at the end of April 2012 has now exceeded 30,000
tonnes.
For further information contact:
Central Asia Metals plc Tel: +44 (0) 20 7898 9001
Nick Clarke, CEO
Nigel Robinson, CFO
Peel Hunt LLP (Nominated Adviser & Joint
Broker) Tel: +44 (0) 20 7418 8900
Matthew Armitt
Ross Allister
Mirabaud Securities LLP (Joint Broker) Tel: +44 (0) 20 7878 3362
Peter Krens
Bell Pottinger Tel: +44 (0) 20 3772 2500
Lorna Cobbett
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London,
owns 100% of the Kounrad SX-EW copper facility in Kazakhstan. The
Company also has a 53% equity interest in Copper Bay Ltd, which is
a private company conducting a pre-feasibility study of the
Chañaral Bay Copper Project in Chile. At the 2014 UK Stock Market
Awards, CAML was named Best Basic Resources Plc. For further
information, please visit www.centralasiametals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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